Skip to main content

About your Search

20130102
20130102
SHOW
Today 2
( more )
STATION
MSNBCW 12
WUSA (CBS) 11
CNNW 10
KPIX (CBS) 9
WJLA (ABC) 9
WRC (NBC) 8
CSPAN 6
FBC 6
KGO (ABC) 6
WMAR (ABC) 6
WTTG 6
CNBC 4
WBAL (NBC) 4
WETA 3
CSPAN2 2
( more )
LANGUAGE
English 122
Search Results 0 to 49 of about 122 (some duplicates have been removed)
're still investing too little in the things we eat. >> as congress prepares for another showdown over the debt ceiling, conservatives are criticizing the deal. a coalition of business and public leaders pushed hard for a deal to grow the economy. >> they can't solve these problems ahead of time and when they get the deal, it's not even a real deal. >> house speaker john boehner laurence state tirade of expletives that harry reid right outside the house speaker a dictator on the senate floor. you can expect more of that tension in the weeks to come. >> stay with us for complete coverage of the fiscal cliff deal and what could happen in the next few months. for more on the impact on you and your family, the 02 -- go to wjla.com and our social media websites. >> the other story is the failure of congress to come up with a comprehensive relief package for the victims of hurricane sandy. the governor of new jersey is angry at the house speaker for pulling the eight, calling it a trail. it comes after the senate approved a package on friday. chris christie called the move in the h
>> i will not have another debate with this congress over whether or not they should pay the bills they have already racked up. >> the u.s. agrees to a budget deal but more tough bargaining plays ahead. -- lays ahead. >> this is "al jazeera." frustration mounts and the african republic. police throw teargas at the capitol. and ivory coast investigation. a deadly stampede. plus -- >> what is the game that has 70 palestinians confused? -- so many palestinians confused? after months of negotiations, u.s. politicians have finally made a deal to avert the so- called fiscal cliff. the agreement passed the house of representatives. here are some of the main points of the deal -- taxing will not be increased for those earning less than $400,000. benefits for unemployed will be extended for another year. the plan to cut 900 billion has been delayed at least until march. >> the moment the house voted in favor of the bill to keep the u.s. from going over the fiscal cliff permanently. >> the motion is adopted. the motion to reconsider is laid upon the table. >> the measure passing 257 in favor
. so has our addiction. >> reporter: this fiscal cliff is over but congress will have another standoff when lawmakers must consider raising the federal borrowing limit so the government can keep paying its bills. tomorrow mr. obama warned he will not have a debate over this congress. >> someone gets swept out to see. this time a couple was out walking their dog when they were hit by a dangerous wave. cbs 5 reporter on the rescue and how it ended. >> a couple out for a new year's day walk got into serious trouble when they were hit by a sneaker wave. the woman and dog were knocked down. the man jumped in after them. this happened this after. >> while that was happening either the dog was trying to be rescued by the husband or he was trying to assist with her and he was swept out and they were unable to get him. >> the dog made it back to shore. the 59-year-old man did not. a witness said he tried to save him. he was floating about 80 yards off shore. >> we were going to throw a rope but we saw he wasn't reacting. >> the coast guard, marine county fire department launched a search. on a
spent the money and will have to raise taxes further. >> i will not have another debate with congress over whether or not they should pay the bills they have already racked up. >> of late this afternoon, house republican leaders backed down over their decision to postpone a force and the victims after both parties blasted lack of action. now, congress will vote on $9 billion in aid and additional aid later when congress officially returns to the new session. >> we are going to stick with the fiscal cliff for a moment because lawmakers are not the only ones sounding off about it. we have reaction from taxpayers to how much more they will still be paying. >> it is a huge concern not just for lawmakers but many americans. what does this deal really mean for me? we did not find a lot of people celebrating here in washington. >> i will have to pay more even though i am still working the same job i worked last year. >> that is part of the brutal truth. while income tax hikes were avoided, the 2% increase in social security contributions will mean a lighter paycheck across the board.
government programs. in march we may see another round of fighting. president says he hopes congress can get a deal done with a little less trauma. >> another blow in the effort to get aid areas -- aid to areas devastated by hurricane sandy. back on friday, the senate approved more than $60 billion measure to help recover is on the storm. house appropriations committee drafted a smaller $27 billion measure and the vote has been expected before congress's term ends thursday. >> secretary of state hillary clinton spent the first night of 2013 in a hospital, recovering from a blood clot. they are using blood thinners to break up the clots behind the right year. the plot-- the clot was discovered during a follow-up exam for concussions she sustained last month. it is not clear when she will leave the hospital. >> two men accused of brutally beating a d.c. man are back in court again today. they are scheduled to attend a status hearing. they faced aggravated assault and other charges and the connection with the beating of a man near south east. the person also faces charges related to the attack
: congress will have another standoff in two months when it must consider raiding the federal borrowing limit so the government can pay its bill. sharon chin, cbs 5. >>> man is dead after being swept out to sea while working on a marin county beach with his wife and dog. the couple was hit by a wave on north beach in the point reyes national sea shore around 5:30 this afternoon. the dangers of sneaker waves. >> reporter: a couple out for a new year's day walk along the beach with their dog got into serious trouble when they were hit by a sneaker wave. the woman and dog were knocked down, pulled out by that large wave. a man jumped in after them. this happened around 12:30 this afternoon. bystanders went over to help the woman who was struggling. >> either the dog was trying to be rescued by the husband or he was assisting her with her and he was swept out. >> reporter: the dog made it back to shore but the man did not. a man tried to save him seeing him floating 80 yards off shore. >> we were going to throw a rope to him but we saw he wasn't reacting. >> reporter: the coast guard marin county
will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> while markets react positively to the fiscal cliff deal, and wall street is poised for a big day. but how else will the agreement affect your wallet? >>. >>> and a rose parade reunion. an american soldier home from afghanistan surprises his family in front of thousands of spectators and millions watching at home. captioning funded by cbs >>> this is the "cbs morning news" for wednesday, january 2nd, 2013. good morning, everyone. i'm terrell brown. >>> the economy avoided the fiscal cliff but just barely. the house late last night passed the senate bill that avoids the tax hikes and spending cuts expected to start this year. they raised the incomes of those over $400,000. it raises taxes on the portions of estates that exceeds $5 million, long-term unemployment benefits have been extended, and across-the-board spending cuts have been put on hold for two months. tara mergener is in washington with more. tear are, good morning to you. >> good morning, terrell. t
particularly from the prisoner's family. more at 5:00 tonight. virginia. >> thank you. following another story. congress has passed a deal which now reverts the fiscal cliff. >> than since the dow jones sorry for the first time in weeks, but not everyone is happy with the deal. as brianne carter reports some lawmakers are concerned the new agreement will leave us worse off than before. >> a surge on wall street after congress finally reached a fiscal deal late tuesday night. on this thursday in trading of the new year, the dow jones jumped more than 200 points. >> this lot is just one step in the broader effort to strengthen our economy and broaden opportunities for everybody. >> the measure now headed to the president's desk and will prevent income tax increases and workers -- on workers earning less than $400,000 year-end extend unemployment benefits. but the bill does not include a speextending the social security tax cut. workers will now pay to% more in social security taxes. >> what we are really doing is raising taxes to give the president or money to spend. we think that's a bad idea.
another potential setback for the region. >> 66 days and counting, shame on you. shame on congress. new jerseyians and new yorkers are tired of being treated like second class citizens. >> reporter: the senate passed a package last week to provide more than $60 billion in aid to the region, but on tuesday the house failed to act before wrapping up this session of congress. >> now i am dismayed and really saddened that the house of representatives walked away last night, didn't even touch this after we spent so much time here on the floor doing something to help the beleaguered part of our country. >> reporter: republican congressman peter king who represents part of long island called it a disgrace and blasted leaders of his own party. >> we cannot believe that this cruel knife in the back was delivered to our region. >> reporter: the president called for immediate action saying when tragedy strikes, americans come together to support those in need. i urge republicans in the house of representatives to do the same. house speaker john boehner said he will make the sandy aid package a
. a divided congress passes a "fiscal cliff" compromise. but there's another big threat just a few months away. >>> it is freezing outside literally [ signal breakup ] ,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to reg
't seen any like that. this is another example of congress trying to pick winners in the energy sector and, unfortunately for this administration, they have this fixation on a lot of energy sources. gerri: don't forget about the algae. [laughter] i think that's going to work? the winner by? i mean, professors and some of skewer cool somewhere. >> the substance of algae has shown some promise. if you can use photosynthesis to produce it on a large scale, maybe it works. one that sticks is the cellulosic ethanol provision. here is an industry that has never produced any sizable quantities of ethanol at market prices, yet they get an extension of the tax credit. the amount of land that would be needed to make it work just boggles my mind. it doesn't work. it can't work. and yet they got an extension of the tax credits and in this bill. it is another bad example. gerri: let's talk about something that does work. apparently the coal industry is going great guns and other parts of the world, but not very. >> is a remarkable story. i appreciate you bringing it up. if you look at what is happening
. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws they passed. we can't not pay bills we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be cat stenographic, far worse than the impact of a fiscal cliff. >>> let's bring in brianna keilar. a lot of people are talking about winners and losers, but c'mon, i feel like we're all losers in this, considering we didn't get a deal, we just got a patch. >> reporter: that is true. i don't think it's ever really healthy for americans when you're kind of going through this process every year, whether it's the a.m.t. fix or tax cuts, so i think the fact that those tax cuts were permanently extended actually is a good thing, because it is difficult when they aren't, but yeah, i think that you look at especially now the environment of things as this is a congress that the president wants to undertake other issues like immigratio
earning $450,000. it also delays spending cuts for at least two months. congress will have another standoff to deal with next month when lawmakers must raise the $16.4 trillion federal borrowing limit so the government can keep paying its bills. danielle nottingham, cbs news, washington. >> looking at that clock, it's staggering. the nonpartisan congressional budget office says the bill will add almost $4 trillion to the federal deficit over the next ten years. >>> one virginia democrat who voted against the bill explained his decision. jim moran of virginia's eighth district released the following statement shortly aft bill was passed. quote, i've been hoping to cast a ballot for a balanced deal which addresses both long run fiscal issues and the artificial short-term crisis created by the budget control act. the bill before us today is wholly inadequate. it leaves our country with three more fiscal cliffs to negotiate over the next three months. i'm deeply concerned by the long-term consequences of this hastily crafted agreement. i cannot in good conscience support this legislati
that's unacceptable. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> freezing temperatures outside now out the door, temperatures really plummetting. >> a man is swept out to sea trying to rescue his dog. >> a park ranger says this time of year the water in the low 50s and hypothermia can set in within machines. >> never want to start the year that way. >> reporter: fleeing from police a crash kills two innocent bystanders. >> i heard the boom and then i heard all the cars. >> credit card hacked at a bay area bar. >> i got these charges on my account which was saying that i recently charged money in mexico, dubai and england. >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald >>> good morning, it is wednesday, january 2. i'm elizabeth wenger. frank and michelle are both off this morning. >>> time now 6:31. it came down to a late-night vote on capitol hill. but the house has approved
over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. let me repeat -- we cannot not pay bills that we have already incurred. congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged business investment plunged growth dropped. we cannot go down that path again. today's agreement enshrines a principle into law that will remain in place longer than i am president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share everyone does their part. that is how our economy works best. that is how we grow. the sum total of all the budget agreement's we have reached so far proves that there is a mass goal, that it is possible if we focus not on our politics, but on what i
. the new congress opens tomorrow, with another crisis in sight. steve handelsman is live on capitol hill where the next battles may even be more contentious, if that's even possible. >> you've got to figure a lot of people were looking at it saying they finally got it, "compromise" didn't a dirty word, you can get things done. well, a lot of republicans are vowing to fight even harder now, humiliated by what they see as their loss in the fiscal cliff fight. president obama celebrated his win on tax hikes for the wealthy, by going back to hawaii to finish his vacation. wall street celebrated the fiscal cliff fix with a stock rally. 98% of americans are relieved no tax hike, but back on capitol hill -- >> right now everything is not okay. >> reporter: more division and anger. some republicans along with democrats upset at speaker john boehner for delays a vote on aid to the victims of hurricane sandy because of the cost. boehner signaling he's back to a hard line in the budget fights ahead. so are senate republicans. >> so we're going to focus on spending and the tidal waves coming at us y
things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> so he's drawn the line. i mean, what are they saving over on the republican side? >> well, certainly i don't think republicans would agree with that at all. in fact, keeping the debt ceiling out of this deal was one of the few wins for republicans and they see the ability to use that ceiling again as leverage to get the kind of spending cuts they say are needed to get the deficit under control and that was part of the negotiating position, you know, that mitch mcconnell took when he came in and worked a deal with joe biden, that they didn't put this in there. and that was a win for republicans. it's going to be tough for the president. >> here's what new york congressman steve israel said about not just the debt ceiling but all three of these imminent deadlines. this was a little earlier this morning. >> if we can find republicans to join with us and quit playing games with the debt ceiling and quit this roadrunner m
and will not have that fight. >> he didn't fudge on that. he said "i won't have another debate with congress on whether they should pay the bills." >> he's given a few speeches on this that have been even more elaborated further and has been quite clear that this is not a fight he's willing to have. so i think he has something in mind when it comes to this issue. >> you look back to the election, look how the president has played this since then. what's your initial evaluation of how they've handled this? >> i think that there is a -- they didn't get everything they could have gotten and the president once again wasn't able to close the deal. this is not his greatest skill, negotiating. it's quite evident. he's lucky to have biden in the white house and such a skilled negotiators, somebody who has a great relationship on the hill. he did get what he needed, he did get some of the other items. but once again, he is a democratic president having a discussion about debt, deficits, these are issues that are paramount to the republican party and but he's having it on republican language or an int
with congress but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up. >>> wall street is ready to rally this morning, after the late night binlget etbudget break-through in washington. >> will this rally last? >>> sandy hook eleme y school students are about to head back to class three weeks after the shooting. classes resume thursday at a repurposed school in nearby monroe. students have toured the school and an open house is set for today. >>> the shell ail rig has run aground off the coast of alaska. no oil leaking. crew members were evacuated. >>> a paparazzi was killed while trying to get a picture of justin bieber. >> he's free he says i'll take care of business. >> all that a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. makes me cry. >> and all that matters. >> members of congress are furious after the house went home without voting on a relief bill for hurricane sandy victims. >
of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the plane to fly to hawaii to rejoin his family. obama spent five days there before returning to the white house last thursday. >>> changes are coming to the health care for the coming year of 2013 the main is health insurance exchanges. they must be up and running by october 1st. only 18 states including maryland on thed to build their exchange. other things you need to watch out for, contributions to a flexible spending account is limited to 2500 dollars. you're allowed to deduct more unreimbursed medical cost when you file taxes but for that you have to itemize. >> 6:47. going back to school tomorrow could be tough for students and staff of sandy hook elementary. they are going back to class and they he won't return to the same building but will go to another school in a nearby town. desks and belongi
. but we can't simply cut our way to prosperity. i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up through the laws they passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government time to pay these bills on time, the result will be catastrophic. hopefully we will focus on seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the president doesn't want to scare us quite as much. nbc's tracie potts is on capitol hill. that was a new year's day to remember. >> it was. it was just in time for many americans who were concerned for tax rates going up. couples who make $450,000 or more will have higher tax rates here. you heard the president also talking about or eluding to the debt ceiling, that's a fight the congress still has to deal with, as the president made reference to paying those bills we already incurred. john boehner was able to
will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws they passed. let me repeat, we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. >> the president draws a line on one of the upcoming fights. joining us now is mike allen to review a little bit about what happened yesterday. mike, we were not sure there would be a vote at some point. obviously the house felt a bit jammed by the senate. did mitch mcconnell jam john boehner and force boehner's hand? >> he didn't force boehner's hand, but he did step up in a way that boehn
way to prosperity. i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they've passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama. a little less brinksmanship. not scare the heck out of folks quite as much. >> well, the president doesn't want to scare us too much. nbc's tracie potts is live for us on capitol hill. tracie, it was a new year's day to remember. >> it was. this came a day late but just in time for the markets reopening this morning and just in time for many americans who were very concerned about their tax rates going up. that's an area that democrats gave him. couples who make $450,000 or more are going to have higher tax rates. you heard t
i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up through the laws they pass. let a repeat. we cannot not pay bills we have already incurred. if congress defuses to give the government the ability to pay these bills on time -- refuses to give the government the ability to pay these bills on time, consequences will be worse than the fiscal cliff. the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged. growth dropped. we cannot go down that path again. today's agreement in shrines in principle into law that will remain in place as long as i'm president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that is how our economy works best. that is how we grow. the sum total of the agreements we reached so far proves there is a path forward. that it is possible. if we focus not on our politics, but on what is right for the country. the one thing i thin
thanking congress for passing a bill on the fiscal cliff. >> another nail biter as they waited to the last minute to get this one done. we're live on capitol hill to talk about what exactly we have accomplished here. >> a lot of people feel it always is down to the last final hours and minutes to get a deal done on capitol hill. that was the case again with this issue but there is a deal done and many say it is not a perfect or permanent fix but it does keep most americans taxes from going up. it it -- also appears to be a victory for president obama. the bill allows for most of the things he talked about during his campaign. it will shield those earning less than $400,000 from seeing their taxes go up. it extends some of unemployment benefits as well. some members of congress say it does not go far enough and sets up another showdown over fiscal issues in 2013. others believe the country could not afford not to pass this bill. the president talked about all this right after the passage. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on
will negotiate over many things. i will not have another debate with this congress. over whether or not they should pay bills they racked up. >> the white house officials say the president has the position because the last debate was harm to feel the economy. republicans insist we can't afford to not have the debate when we're $16 trillion in debt. they believe this is the only weapon to force the president to cut more spending. bret? >> bret: ed henry live on the north lawn. thank you. stocks finished ahead today now. that the fiscal cliff teal is in the books. the dow added 308. the s&p 500 was up 36. the nasdaq closed ahead 93. get analysis now of the wall street reaction. and reaction from world markets to this fiscal cliff deal. from melissa francis. markets seemed relieved today. why? >> we saw the dow go up. mostly because the deal got done. they liked something rather than nothing. the markets usually go up. if you look at the last couple of years since 2009, they have gone up between 1-3%. with or without a deal, in the normal range. at the end of the day when the dust s
and quickly took off for a hawaiian vacation. now in march, another round of fighting as congress tackles the debt ceiling. reporting live, sherrie johnson. >> after this happened maryland congressman andy harris released a statement in part reading, i oppose this legislation that increases taxes on 77% of people in my district. and here's why congressman harris says the deal actually raises taxes on most americans. that deal prevented an increase on income taxes but you will have to pay more coming out of your paycheck. that's because this deal didn't extend to the payroll tax holiday which means someone earning 50,000 dollars a year will pay about 1,000 dollars more a year in social security taxes. >>> an update for you on the condition of secretary of state hillary clinton. she remains in new york hospital after a blood clot was discovered in a vein between her brain and skull. a doctor not involved with this case talked about the secretary of state's recovery. >> she should refrom this. she will be treated with blood thinners i can't say how long because i don't know all circumstances
. that is costing taxpayers $3 million so he can finish the holiday break. he thanked congress for coming together and keeping taxes from going up on most americans and delaying the deep spending cuts. we could be in for another battle over the budget in two months when the same cuts are set to kick in again. that is not our only deadline. ed henry is live at the white house. you decided not to go to hawaii? bad choice. talk about the fine print of all of this. >>reporter: it is chilly in washington, dc, and folks around the country could feel colder about the deal as they look at fine print. the president got a campaign-style video out there today with the president selling this not just as a victory for him but for the american people. for him in the sense that he pushed for higher taxes in the campaign and won that and got what he wanted but in the fine print you talk to the tax policy center, a nonpartisan group that the president cite add lot in the campaign, they say the middle class and poor families will be hit harder than you think with 77 percent of house holes seeing the federal taxes g
. >> president obama has promised to work with congress to find more spending cuts in the future, but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> treasury secretary of state timothy geithner has warned congress the country is a few months away from defaults on its loans for the first time in u.s. history. >> consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. >> but many say the debt limit debate is the last chance femme them to secure the deep spending cuts necessary to pay down our nation's debt. and the bill now heads to president obama for his signature. terrell? >> tara mergener in washington this morning. trar, good to see you. thank you so much. >>> still the measure passed with bipartisan support. the deal die provided the leadership in the house. speaker john wayner bane speaker john boehner and former gop leader paul ryan voted yes but house majority leader eric cantor who
not to play politics with the nation's debt limit. >> i will not have another debate with this congress other than over whether they should pay the bills they have already racked up. >> reporter: the country is just a few months away from defaulting on their loans for the first too many in history. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exchange in south korea celebrated its first trading day in 2013. it finished up as did hong kong, australia, germany, britain and france. here in the u.s., the new year's first day of trading begins in about two hours. >>> people affected by hurricane sandy will have to wait for the next session of congress to learn
another debate with this congress over whether or not they should pay the bills that have already racked up. >> but house republicans pushed back. the president thinks he's not going to negotiate, he better thing again. he's president of the united states, not emperor of the planet. >> reporter: this could get scarier than the cliff. >> it may take a default, another downgrade, the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: and not a happy new year. congressional scholar said it could look like tribal war fare up here and soon. steve handelsman, news4. >>> thank you, steve. we invite you to stay with news4 for continuing coverage on the fallout from the fiscal cliff deer. coming up later, northern virginia bureau reporter will talk to lawmakers from virginia about the potential impact of sequestration on that statement. >>> the big story on capitol hill today, the battle over a multibillion dollar bill to provide aid to states slammed by hurricane sandy. this after lawmakers on both sides of the all lashed out to boehner. critics
to make, while i will negotiate over many things -- i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat -- we can't not pay bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. today's agreement, enshrines a principle into law that will remain in place as long as i president. the deficit need to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that's how our economy works best. that's how we grow. the sum total of all of the budget agreements we have reached so far proves that there is a path forward
on a voice vote. mind you. then another the democrats and republicans. they did everything we asked them to do and not only to the republican leadership, we think it's time to act instead of playing games. let's put it off. many congress men have gone home until tomorrow. we don't even have votes that have this. we will not have it this congress regardless of how we go up and down. >> for folks suffering through this, one more day is painful. with that said, it is described as pushing the reset button when you address it with 113th congress. what kind of delay are we talking about? a week? a day, hours? how long long until it is passed? >> i hate to talk about it, but the fact is that we can get it done in two weeks. we talked about putting it in immediately and the new congress being sworn tomorrow and working with the governors. the governor has to be beside himself on this. they did everything requested of them and the three major governors in connecticut and new jersey and new york. to be here today it was seen as prejudicial. we are donor states. we contribute a lot of tax money to
on many things, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up through the laws as they have passed. -- through the laws they have passed. congress refuses to give the united states government the ability to pay these bills on time. people will remember in 2011 the last time this course of action was threatened, our entire recovery was put at risk. business investment plunged. growth dropped. we cannot go down that path. signed intoement place something we agree with. everyone pays their fair share. everyone does their part. that is how our economy works best. that is how we grow. the sum total of the budget agreement we have reached so far proves there is a path forward, that it is possible as we focus not on politics of what is right for the country. one thing hopefully we will focus on is if we can put a package like this together with a little less drama and a little less print and ship -- brinkmanship to not scare people so much. we can come together and cut spending in a way that protects our middle cla
things, i will not have another debate with this congress over whether or not they should pay bills that they've racked up. through the laws they've passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government ability to pay these bills on time, the consequences for the global economy would be catastrophic, far worse than the impact of a fiscal cliff. people remember in 2011 last time this course of action was present, our entire recovery was put at risk. consumer confidence plunged to business investment plunged. growth dropped. we can't go down that path again. today's agreement enshrines i think a principle into law that will remain in place as long as i am president, the deficit needs to be reduced in a way that is balanced. everyone pays their fair share, everyone does their part that. is how our economy works best. that is how we grow. the sum total of all budget agreements we've reached so far prove there's is a path forward. that it is possible. if we focus not on our politic buzz what is right for the co
the government will reach the limit on borrowing unless congress acts. not to mention the bill delays large cuts to the pentagon and other government programs. so in march we may see another round of fighting. president obama says he hopes congress can get a deal done with a little less drama. abc news, washington. >> not all law makers are satisfied with the new fiscal cliff idea. andy harris is one republican who voted against it. released a statement reading, ioppose the legislation increase being tax on 77% of my people in my district. harris goes onto say the bill is business as usual in washington doing nothing to deal with the 16.4 trillion dollar debt. >>> so when harris says it will raise taxes on 77% of americans he is talking about the end of the pay he roll tax holiday. basically what it means is the amount taken out of your paycheck for social security will go up 2%. for most americans that means we will pay a thousand dollars more in tax this is year than last. >>> this morning secretary of state hillary clinton is in the hospital recovering from a potentially serious blood clot. >
against it. >> i'd like to be speaking for this bill, but i can't. >> reporter: congress steered away from the "fiscal cliff" at the last minute but another showdown is just around the corner. in two months, the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the payroll tax holiday expired. that means less money in most people's paychecks. the bill did not address that. on capitol hill, i'm tara mergener for cbs 5. >>> and stocks shot up sharply this morning on the first day of trading in 2013 jumping more than 200 points at the open. it is wall street's biggest rally in six months. things are still looking good at this hour. they are up about 237 points. now, economists caution that this euphoria in the ma
like to be speaking for this bill but i can't. >> reporter: congress steered away from this fiscal cliff at the last minute, but another showdown is just around the corner. in two months the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing i think that hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship. >> reporter: the president will be trying to reach a debt ceiling deal with a new congress. winners from the november election will be sworn in tomorrow. tara mergener for cbs news, capitol hill. >>> it is a small step to getting our fiscal problems in order, but only for a couple of months. the stopgap measure appears, however, to be having a positive effect on wall street. the dow above 200 points and both the nasdaq and s&p 500 are up. of course there is reaction from taxpay
another debate over this congress whether or not they should pay the bills they've already racked up. >> the bill as amended is passed. >> 89-8. that is absolutely historic. >> new year's eve produced by a bunch of sleep deprived doctrinenaraians. >> it reminds me of the jokes where someone stopped hitting you in the head with a hammer and you're supposed to say thank you. we created this monster. >> the yeas are 267. the nays are 167. >> so we have this totally dysfunctional senate. therefore a dysfunctional congress. >> it's not a violation. >> technically these are still tax cuts? >> correct. >> a hopefully the new year will focus on less drama, not scare the heck out of folks quite as much. >> let's get right to our panel here with me are krystal ball one of the hosts of msnbc's "the cycle" and jimmy williams an msnbc contributor. krystal, the fiscal cliff fight may be over but we heard many of them looking forward to a debt ceiling fight where medicare and taxes will be fought over. do these people not learn anything from 2011 when the credit worthiness of this nation was downgr
are will not have another debate with this congress over weather or not they should pay the bills that they have already racked up. through laws they have already passed. let me repeat. we cannot not pay bills that we have already incurred. congress refuses to give the united states government the ability to pay these bills on time. the consequences for the entire global economy will be catastrophic. far worse than the fiscal cliff. if you remember in 2011, the last time this course of march and was threatened, the entire recovery was put at risk. the super confidence plunged consumer confidence plunged. we cannot go down that path. today's agreement will chime in to the principle of the law as long as i am president. the deficit needs to be reduced with a more balanced budget. everybody pays their fair share everybody does their part. that is how or our economy works best. the son of a total of all the budget agreement's the we have reached so far proves that there is a payoff board. and it is possible if we focused not on our politics but on what is right for the country. the one thing that ho
another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they've passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011 the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. and today's agreement enshrines i think a principle into law that will remain in place as long as i am president. the deficit needs to be reduced in a way that's balanced. everyone pays their fair share. everyone does their part. that's how our economy works best. that's how we grow. the sum total of all the budget agreements we have reached so far proves that there is a path forward, that it is possible, if we focus not on our politics
. and now one last point i want to make while i will negotiate over many things. i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they have passed. let me repeat. we can't not pay the bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impacts of the fiscal cliff. and people, they will remember back in 2011, the last time that this course of action was threatened, our entire recovery was put at risk, consumer confidence plunged, the business investment plunged and gross dropped. in today's agreement, they will remain in place as long as i am president. the deficit needs to be reduced in the way it is balanced as everyone needs to pay their fair share as everyone needs to pay their parts. that's how our economy works best. that's how we grow. the subtotal of all the budget agreements that we have reached so far proves th
no repeat. >> i will not have another debate with this congress on whether not we should pay the bills they have already racked up. >> the president thinks he is not going to negotiate, think again. he is not emperor of the planet. >> it might take a default, another downgrade. serious economic consequences to told us back to some kind of reality. that is a frightening prospect. >> of the congressional scholar says it could look like a tribal war appear. >> the agreement doesn't address all the fiscal problems, but they're coming together to avoid part of the economic turmoil. >> i really admire the republicans that came together with us so that we would not go into sequestration. >> the lesson i hope we have learned is that democrats and republicans need to come together much earlier in the process and do it in an earlier way. >> we are breaking down how the last minute deal has fallen into place. lower and middle income taxpayers are big winners, but there are also big losers. we have the details on the mobile application. >> and now, your forecast of the chief meteorologist. >> movi
Search Results 0 to 49 of about 122 (some duplicates have been removed)